SHANGHAI, March 11, 2014 /PRNewswire/ -- MEDTEC China 2014, which will be held at Shanghai World Expo Exhibition & Convention Center on September 25-26, has reported a 20% increase of exhibition space due to a booming Chinese medical device market, continuous investment of medical expenditures and the current rapid growth of the aging population. Testimony to the great potential shown by China's medical device market, 300 exhibitors in the 2014 edition from 15 countries and regions are expected to showcase their latest products, technology and solutions.
According to statistics in 2013, China's medical device market is expected to break 212 billion dollars, with a yearly increase of 21.19%. This number will continue to rise and is expected to reach 300 billion RMB in 2015. From 2000 to 2010 statistics, China's medical device market has grown with a compound annual growth rate (CAGR) of 21.3%.
Behind these fast-growing figures are various policies supported by the Chinese government accompanied with a huge market demand. In the Chinese Twelfth Five-year healthcare reform plan, the target was proposed that by 2015 the number of beds and services in non-public institutions need to reach 20% of total medical institutions. Following which, China's Ministry of Health pointed out in the Healthy China 2020 Strategic Research Report that in the next eight years, seven major medical projects will be launched with a total investment of 200 billion RMB. In October 2013, Chinese state council issued Several Opinions on Promoting the Development of Healthcare Industry to support R&D and industrialization of new drugs, medical devices and biomedical materials.
In addition, competition is fierce with a total of 14,928 medical device manufacturers in China at the end of 2012. But compared with other countries, there are still gaps in terms of product design, quality, and high-end technology for the Chinese companies. In order to meet the medical needs of nearly 1.3 billion people, China will be looking to acquire advanced medical materials, components, design and manufacturing technology and equipment.
Focusing on the upstream of China's medical industry and the Chinese market for 9 years, MEDTEC China stands to provide such a platform for the medical equipment manufacturers in China, introducing leading cutting-edge technology and advanced medical equipment from around the world and promoting the innovation and upgrading of China's medical industry.
World's Top Suppliers Gather to Seize the Huge Chinese Market
More and more suppliers are adding MEDTEC China to their marketing mix. At MEDTEC China 2013, there were 220 exhibitors from 15 countries and regions. Their business covered all aspects of medical device design and manufacturing, including raw materials, manufacturing equipment, processing technology, design, outsourcing services, etc.
"We met lots of quality leads at MEDTEC China 2013, which is a great opportunity for us to develop relationships. It has a great location – the heart of Chinese medical device business. We will increase our booth space for 2014," said Ruth O'Reilly, marketing officer of Creganna-Tactx Medical. Also, in November 2013, Creganna officially announced the first representative office has been set up in Shanghai to provide more powerful technology and business services to Chinese clients.
Other MEDTEC China exhibitors include : 3M China, Leister Technologies, Mikron, Komax, Parker Hannifin, BW-TEC, Evonik, Austar, Bemis, Du Pont, DSM, Finlumen, Precision Extrusion, Teleflex, Creganna-Tactx Medical, Lubrizol, Globtek, PhillipsMedisize, Instron, Tornos, Taizhou Maider, Bomotec, Styrolution, ForeFront Medical, Gerresheimer, Medplast, Dukane, Helix, Handle, Wacker, Ensinger, Eastman, Dow Corning, Zeus, Materialise, Sabic, Bayer MaterialScience, many of which are long-term supporters of the MEDTEC China exhibition.
Satisfied Exhibitors and Visitors
The unique positioning and professionalism of MEDTEC China is warmly welcomed by thousands of high-quality visitors from global and Chinese local leading manufacturers, such as GE, Siemens, Johnson & Johnson, Medtronic, Mindray, Yuyue, Philips, Weigao, B. Braun, Weigao, BD, Microport, Shanghai Medical Equipment Works and so on.
SP medical gave a high appraisal of MEDTEC China when its sales manager Leo Zhang said: "We had a successful show at MEDTEC China 2013. During the show, we met hundreds of visitors from all over China. Most of them were decision makers and technical persons. We were able to easily introduce our products to them. We have attended MEDTEC China for more than 6 years, and we can see that the quality of the show has improved a lot. We will see you at MEDTEC China 2014."
Visitors also expressed their satisfaction with 2013 MEDTEC China. Qin Han who is serving in Jiangsu Yuyue said, "MEDTEC China 2013 is very professional, having high-level exhibitors. It's very worthwhile visiting." In addition, Bin Gu, Technology Manager from Shandong Yixing medical devices also thought he had learned a lot regarding new products, and expanded the choices for suppliers at MEDTEC China.
For more information about the 2014 MEDTEC China exhibition and conference, please visit www.medtecchina.com.
About MEDTEC China
Nine years on from its debut in Shanghai, MEDTEC China has firmly established itself as the leading forum for the fast-growing medical device manufacturing industry in China, which is the sole manufacturing sourcing event for medical device manufacturers in China. MEDTEC China 2014 will be held on September 25-26 at Shanghai World Expo Exhibition & Convention Center.
About the Organiser
A World Leader in Medical Device Communications
UBM Canon, the leading B-to-B media company dedicated exclusively to the global $3 trillion advanced manufacturing sector and part of the UBM Group, helps support the flow of information, commerce and innovation in sophisticated segments such as medical devices and pharmaceutical development. UBM Canon also addresses cutting-edge developments in broader areas of advanced engineering design and manufacturing including manufacturing processes and packaging.
UBM Canon's portfolio of events for the healthcare manufacturing sectors includes MD&M, MEDTEC, BIOMEDevice, and Pharmapack. UBM Canon also publishes a multitude of industry magazines, including Medical Device and Diagnostic Industry, Medical Product Manufacturing News, European Medical Device Technology, China Medical Device Manufacturer and Japan Medical Design & Manufacturing Technology. With this unique media portfolio, UBM Canon is able to connect over 3,500 medical device industry suppliers with more than 100,000 design and manufacturing professionals every year.
SOURCE UBM China